What happens when you underestimated your income for marketplace insurance? According to Healthcare.gov If your income falls below 100% FPL, you probably won’t qualify for savings on a Marketplace health insurance plan. Let say $12,880 FPL for individuals qualify $400 tax credit, if at year-end I only ended up making $10000, does that mean I would end up disqualified and having to pay back all $400/mo for 12 months for the premium tax credits? I am debating whether or not to skip health insurance cause idk how much I am going to make next year. It would be shit if I didn’t make enough and end up paying back all the money, I can’t afford to pay a year worth of tax credit back.
submitted by /u/CyberAsura
[link] [comments]What happens when you underestimated your income for marketplace insurance? According to Healthcare.gov If your income falls below 100% FPL, you probably won’t qualify for savings on a Marketplace health insurance plan. Let say $12,880 FPL for individuals qualify $400 tax credit, if at year-end I only ended up making $10000, does that mean I would end up disqualified and having to pay back all $400/mo for 12 months for the premium tax credits? I am debating whether or not to skip health insurance cause idk how much I am going to make next year. It would be shit if I didn’t make enough and end up paying back all the money, I can’t afford to pay a year worth of tax credit back. submitted by /u/CyberAsura [link] [comments]Read Morer/HealthInsurance